Below are Frequently Asked Questions we get:
How does the US-BX work?
The US-BX is a proprietary exchange where members across the country post ‘Lots for Sale’ and ‘Lots Wanted’ listings and other members MAKE OFFERS to BUY or SELL TO those listings that are either ACCEPTED, REJECTED or EXPIRE.
Do I need to buy or download any software?
No software needs to be purchased or downloaded. In fact, the US-BX is the World’s only Web-Based Biofuels Exchange. That means you can login and trade from any computer in the world. You can also login and trade from your iPhone or Android.
Is the US-BX easy to use?
It’s simple. In fact, many members post ‘Lots for Sale’ or ‘Lots Wanted’ moments after their accounts are approved. The US-BX has been called ‘The eBay of Biofuels’.
Can you accidently overbuy or oversell?
No, our proprietary trading platform won’t allow it.
What if we want to Buy or Sell a listing away from the exchange?
You may quickly and easily delete a listing at any time. We ask only that in fairness to other members, you delete listings prior to selling or selling them away from the exchange.
‘We only deal in railcars…’ ‘We only deal in truckloads…’
No problem. Our proprietary platform allows you to tell potential BUYERS of your loading ‘Capabilities’ and potential SELLERS of your loading ‘Requirements’. You may choose Truck, Rail Car or even Barge. You can even tell them if you need or have a ‘Truck WITH Pump’.
What is the minimum and maximum quantity for listings?
The US-BX was designed for trading in wholesale quantities only. The minimum quantity for Ethanol trades is 7,500 gallons and for Biodiesel it's 6,800 gallons and there is no maximum to a listing’s size.
How much does it cost to use the exchange?
We charge 3/10ths of a cent per gallon for Ethanol and 4/10thsof a cent for Biodiesel. Please note that registration is free, membership is free, and it’s always free to post a listing. You are charged an exchange fee ONLY if you accept an offer and even then you are ONLY charged for the quantity you buy or sell. If you are not successful, we are not successful.
How will we know when we get an offer?
You will be notified by email immediately so you can login to review the offer.
Can you tell us who some of your members are?
No. Members are anonymous. It is only open to Petroleum Marketers, Ethanol and Biodiesel Producers and Biofuel Distributors, Wholesalers and Brokers. Some are very large and some are very small. Some are household names and some are not.
Can you teach me how to use the exchange?
Happily! We will take all the time necessary to teach you or your staff how to use the US-BX to meet your specific needs.
How do you we get started?
Fill out the registration form and we will notify you of your status within 48 hours.
Please call me directly with any questions you may have.